Emerson Electric Co. (NYSE:EMR) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its holdings in Emerson Electric Co. (NYSE:EMRFree Report) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,380 shares of the industrial products company’s stock after selling 320 shares during the quarter. Gabelli Funds LLC’s holdings in Emerson Electric were worth $524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of EMR. Tobam increased its holdings in Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 273 shares during the period. Cape Investment Advisory Inc. boosted its position in Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $32,000. Tennessee Valley Asset Management Partners purchased a new stake in Emerson Electric in the 4th quarter worth approximately $35,000. Finally, Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.7 %

Shares of EMR opened at $108.75 on Tuesday. The company’s 50-day moving average price is $111.21 and its 200 day moving average price is $103.91. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The firm has a market cap of $62.22 billion, a P/E ratio of 5.82, a price-to-earnings-growth ratio of 1.80 and a beta of 1.33. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $116.76.

Emerson Electric (NYSE:EMRGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the company posted $1.09 earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EMR shares. Loop Capital upped their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Barclays upped their price objective on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. UBS Group increased their target price on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, Bank of America increased their target price on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.56.

Read Our Latest Report on Emerson Electric

Emerson Electric Profile

(Free Report)

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.

Featured Stories

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.